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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Webster Financial's Net Income for the three months ended in Dec. 2024 was $178 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was $769 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Webster Financial's Earnings per Share (Diluted) for the three months ended in Dec. 2024 was $1.02.
The historical data trend for Webster Financial's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Webster Financial Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Net Income | Get a 7-Day Free Trial |
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220.62 | 408.86 | 644.28 | 867.84 | 768.71 |
Webster Financial Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Net Income | Get a 7-Day Free Trial |
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185.39 | 216.32 | 181.63 | 192.99 | 177.77 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Webster Financial's Net Income for the fiscal year that ended in Dec. 2024 is calculated as
Net Income | (A: Dec. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 1017.007 | + | -248.3 | + | 0 | + | 1.1368683772162E-13 |
= | 769 |
Webster Financial's Net Income for the quarter that ended in Dec. 2024 is calculated as
Net Income | (Q: Dec. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 257.098 | + | -79.332 | + | 0 | + | -2.8421709430404E-14 |
= | 178 |
Net Income for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $769 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Webster Financial (NYSE:WBS) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Webster Financial's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2024 is calculated as
Earnings per Share (Diluted) (Q: Dec. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (177.766 | - | 4.163) | / | 170.090 | |
= | 1.02 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Webster Financial's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
John R Ciulla | officer: EVP-Commercial Banking | C/O WEBSTER FINANCIAL CORP, 145 BANK STREET, WATERBURY CT 06702 |
Laurence C Morse | director | |
Daniel Bley | officer: EVP-Chief Risk Officer | C/O WEBSTER FINANCIAL CORP, 145 BANK STREET, WATERBURY CT 06702 |
Charles L Wilkins | officer: EVP-Head of HSA Bank | C/O WEBSTER FINANCIAL CORP, 145 BANK STREET, WATERBURY CT 06702 |
Lauren States | director | 16 WILMONT AVENUE, WHITE PLAINS NY 10605 |
Javier L. Evans | officer: Chief Human Resources Officer | 400 RELLA BOULEVARD, MONTEBELLO NY 10901 |
Christopher J Motl | officer: EVP-Commercial Banking | C/O WEBSTER FINANCIAL CORP, 145 BANK STREET, WATERBURY CT 06702 |
Mark Pettie | director | 90 NORTH BROADWAY, IRVINGTON NY 10533 |
Albert Jen-wen Wang | officer: Chief Accounting Officer | 18500 VON KARMEN AVENUE, SUITE 900, IRVINE CA 92612 |
William E. Whiston | director | C/O 21 SCARSDALE ROAD, YONKERS NY 10707 |
Luis Massiani | officer: Chief Operating Officer | C/O PROVIDENT BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901 |
Jack L Kopnisky | director, officer: Exec. Chair. Company & Bank | C/O STERLING NATIONAL BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901 |
Kristy Berner | officer: EVP, GC & Corp Sec | C/O PEOPLE'S UNITED BANK, N.A., 850 MAIN STREET, BRIDGEPORT CT 06604 |
Katherine Vines Trumbull | officer: Acting General Counsel | 200 ELM STREET, STAMFORD CT 06902 |
Maureen Mitchell | director | 400 RELLA BOULEVARD, MONTEBELLO NY 10901 |
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